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Verizon-MCI Merger OK'd by Justice Dept.

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NEW YORK and ASHBURN, Va., Oct. 27 -- Verizon Communications Inc. and MCI Inc. today said they have received a consent decree from the US Department of Justice (DOJ) for Verizon's acquisition of MCI. The transaction has already cleared most state and international regulatory hurdles, and the Federal Communications Commission is scheduled to vote on the merger on Friday, Oct. 28. If approved by the FCC, the companies expect the deal to close later this year or early in 2006. The DOJ filed a consent decree for approval by a federal court that includes stipulations agreed to by Verizon and MCI....Read full article

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    Companies
    Published: October 2005
    Glossary
    dark fiber
    Unused fiber; fiber that has been installed but reserved for future use. Carrying no light.
    Communicationsconsent decreedark fiberFCCJustice DepartmentMCImergersNews & FeaturesregulatoryVerizon

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